Morgan Stanley to price trigger gears due 2025 linked to index basket

By Sarah Lizee

Olympia, Wash., June 20 – Morgan Stanley Finance LLC plans to price 0% trigger gears securities due June 30, 2025 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket finishes above the initial level, the payout at maturity will be par plus the upside gearing of between 3.23 and 3.25 times the gain. The exact upside gearing will be set at pricing.

If the basket falls but finishes at or above the 50% downside threshold level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent and UBS Financial Services Inc. is the dealer.

The notes will price on June 25 and settle on June 28.

The Cusip number is 61768Q866.

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